* For the past week SP500 lost 1.6%, Nasdaq - minus 2.6% and DJ shrink 1%. Meanwhile, VIX in the same period plunged 10%. Since 19th january 09' SPX year high (1150.45) and friday closing price (1073.87) the leading US index contracted 6.66%
* China at the brink to enter bear market territory. SSE index is exactly at 200 day exponential and simple moving averages
* Dollar index strongly broken out above 200 day exponential and simple moving averages. It is now in a bull shape where it wasnt since march 09'
* Q4 US GDP posted 5.7% surge, far above market consensus of 4.7% growth. At the background of the best rate is six years on 27th january on Capitol Hill Obama have warned, that "starting in 2011, we are prepared to freeze government spending for three years". As Paul Krugman have pointed out, by doing this US will repeat the great mistake of 1937, when the Fed and the Roosevelt administration decided that the Great Depression was over. Spending was cut back, monetary policy was tightened and the economy promptly plunged back into the depths
* Lawrence Summers, director of the White House's National Economic Council, Obama's top economic adviser, said United States and some other economies are experiencing an economic recovery on paper, but a "human recession" because of job losses
* The Senate Banking Committee have revealed that hearing from former Federal Reserve Chairman Paul Volcker about the White House’s recent proposal to limit the size and risk of big U.S. banks is already expected on tuesday 2nd february
* OECD oil demand level of 2006, 2007 will never be seen again, because of more fuel efficiency and the use of alternatives, the chief economist of the EIA, Fatih Birol, said
* S&P said that UK is no longer classified as being among the most stable and low-risk banking systems globally
* China at the brink to enter bear market territory. SSE index is exactly at 200 day exponential and simple moving averages
* Dollar index strongly broken out above 200 day exponential and simple moving averages. It is now in a bull shape where it wasnt since march 09'
* Q4 US GDP posted 5.7% surge, far above market consensus of 4.7% growth. At the background of the best rate is six years on 27th january on Capitol Hill Obama have warned, that "starting in 2011, we are prepared to freeze government spending for three years". As Paul Krugman have pointed out, by doing this US will repeat the great mistake of 1937, when the Fed and the Roosevelt administration decided that the Great Depression was over. Spending was cut back, monetary policy was tightened and the economy promptly plunged back into the depths
* Lawrence Summers, director of the White House's National Economic Council, Obama's top economic adviser, said United States and some other economies are experiencing an economic recovery on paper, but a "human recession" because of job losses
* The Senate Banking Committee have revealed that hearing from former Federal Reserve Chairman Paul Volcker about the White House’s recent proposal to limit the size and risk of big U.S. banks is already expected on tuesday 2nd february
* OECD oil demand level of 2006, 2007 will never be seen again, because of more fuel efficiency and the use of alternatives, the chief economist of the EIA, Fatih Birol, said
* S&P said that UK is no longer classified as being among the most stable and low-risk banking systems globally
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